I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
USDJPY broke below major support by closing under 118.40, a level that supported the uptrend on a closing basis for over a year. Not Including the late-August whipsaw low of 116.18, this creates a sequence of lower highs and lower lows. USDJPY’s multi-year uptrend is ending. The current trend is increasingly likely to bounce, and we recommend selling strength. We...
We normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is...
it doesnt need much explenations... we broke the yearly trendline last week and the next mega support trendline connects the lows of 2001-02 and hovers over 1,06 what do you guys think about it?
XLU - the SPDR utilities sector ETF is struggling to get back into macro uptrends, while showing no bias on short term. On long term perspective the price is trading around upper 1st standard deviation from 5-year mean, which is a 5-year uptrend border. The price is also technically in 10-year uptrend, trading above the upper 1st standard deviation from 10-year...
XLK - the SPDR Tech sector ETF s in firm uptrend both on macro and on micro perspective, and it is the best-looking US sector ETF from the SPDR range. On long term perspective price has broken back into the 5 and 10 year uptrend, trading above upper first standard deviation from 5 and 10 year means respectively On long term perspective price has recently broken...
This trade would be a perfect options trade (not binary) price can reach 2400 level. Looks like the 5th impulse wave is in play with price breaching and retesting the downward trend line at 61.8%. If price does reach 2400 we can then expect a corrective wave structure to downside of 1500. However, this would be re analysed. If price breaks below 1800 we can see...
If we check INDEX:SPX supports we can see that the vertical trend is already broken but it's still doing some bullish movements. We can also check that every October since 2013 were some kind of buttom and after that a rally till winter of more than 10% and less than 15% so... My bet is this. S&P will go till 2130 by the end of the year and after that, double...
This RSI-MA Model Predicts Unemployment Rate With Scary Accuracy! Although high unemployment usually occurs during economic recessions, it doesn't always mean that equity valuations would drop, nor does rising unemployment always mean recession. On the monthly chart of the official national unemployment rate: Unemployment Momentum Rising = MA6(RSI3) cross>50...
Hi All! As I did back in August with the september meeting, I have decided to create a possibility of different Scenarios for the EURUSD pair for the month of December. I have outlined 3 scenarios based on the price range seen and recheable so far this year, this would give you a good idea of where to buy, sell or hold positions if you are thinking about trading...
In line with Industrial Production Index, us Manufacturing has been trending within its relevant ascending range since 2011 and has restored all the losses of the 2008-2009 financial crisis back in the beginning of 2014. Thus overall the Industrial production in the US is developing at a good pace, in line with the lateral uptrend in S&P 500.
Looking at the Export and Import data of the last several years we can assume that the US is currently changing its course from consumption oriented to export oriented economy. The change will not be overnight and may take up to several decades, but eventually we can see the US trade deficit gradually erased! On the export side, we can see that US has restored...
Our view for both the UK and US has been that rates will remain lower for longer than many in the market have been anticipating. With the Bank of England's inaugural "Super Thursday" having a more dovish tone than many were expecting that scenario seems more likely in the UK. Indeed Swiss bank UBS has pushed its own forecast for the first UK rate rise out to...
NZDJPY is in the process of forming a descending triangle. This pair has a success rate of 71% on the 1H chart when identified by our algorithm. The descending triangle pattern has a success rate 74% on the 1H chart for all pairs generated by our algorithm. We will be shorting this pair approximately 20 pips below the bottom of the triangle. Our profit target...
Housing market was hit the hardest back in the 2008-2009 US recession, which triggered by the burst of the mortgage backed securities bubble. Since then, US economy has restored her losses in most regards, if one is to look at the economic data. Housing market, however, started to recover only in 2012 and is yet to reach its pre-bubble performance. In line with...
Total Capacity Utilization index, which measures the share of industrial capacities of US companies employed in actual production, has also nearly restored its crisis losses. However, the index has bounced down from the 80% mark in the recent readings, falling out of its ascending range. It is too early to conclude if it is the end of recovery in the index....
Industrial Production Index has been trending within its relevant ascending range since 2011 and has restored all the losses of the 2008-2009 financial crisis back in mid-summer 2013. Thus overall the Industrial production in the US is developing at a good pace, in line with the lateral uptrend in S&P 500.
Back before the 2008-2009 financial meltdown, the US trade deficit was continually ascending, as the country was consuming more and more imported goods. It was a natural course of events, since the States was widely known as world’s leading consumer. After the crisis, however, the situation changed dramatically. Following a sharp correction, US trade deficit...